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Nov 13, 2012
11/12
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boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions include mortgage interest or charitable contributions, property taxes and state and local taxes, we could see a deal around the itemized deductions. >> i don't want to be the grim reaper, what if they don't get a deal done, we're in trouble. >> 80 to 90% of americans are going to see their taxes increase, maybe by 3500 dollars on average, 2 grand for middle income americans. if you're a low to middle wage earner. here's what you would lose, the valuable earned income tax credit and payroll tax would go up by a couple percent. if you're in the upper middle wage category, you're going to have a higher tax bract, an increase in cap l
boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions include mortgage interest or...
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Dec 19, 2012
12/12
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and although the president and house speaker john boehner have made headway on budget negotiations, boehner says he is going forward with the plan that is separate from the deal he is working on with the president. the white house and democratic lawmakers have already rejected boehner's plan b to stepped low tax rates to all americans except those who make a million dollars or more a year. the house will vote on the alternate plan thursday. >>> swiss bank ubs admits to fraud and agrees to pay more than $1 billion in fines. the settlement comes after an investigation found ubs bankers engaged in rigging the liber rate. >>> instagram backing off its policy to use photos in advertisements after a backlash from users and privacy advocates. despite that, the cofounder says the service was created to eventually make money and it will experiment with various forms of advertising. back to you. >> erica, we wanted to ask you about mark zuckerberg and his fairly substantial opening of his wallet. tell us about that. >> reporter: zuckerberg is donating close to $500 million in stock to charity. the 18
and although the president and house speaker john boehner have made headway on budget negotiations, boehner says he is going forward with the plan that is separate from the deal he is working on with the president. the white house and democratic lawmakers have already rejected boehner's plan b to stepped low tax rates to all americans except those who make a million dollars or more a year. the house will vote on the alternate plan thursday. >>> swiss bank ubs admits to fraud and agrees...
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Dec 21, 2012
12/12
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so speaker boehner canceled the vote. he designed the bill to prevent automatic tax hikes at the 1st of the year on people making less than $1 million. boehner says it's up to the president and democrats to make their move. >> i did my part. they have done nothing. >> it's very, very, very unfortunate the republicans have wasted an entire week on a number of pointless political stunts. >> house members are heading out of d.c. for christmas. and when they get back, there will be just four days left to hammer out a deal. >>> time is 5:10. drivers in the sierra packing snow chains today. >> and those famous locks gone. the extreme new hairstyle for this famous san francisco giant. >> also, the major change for a marine sanctuary in northern california. the plan to save a vibrant ecosystem packed with birds and fish. >> what is cool about your school? you can submit your nomination on our website, cbssf.com/coolschool and we may feature school on our show. we'll be right back. ,,,,,,,,,,,,,,,,,,,, the sierra are getting a new
so speaker boehner canceled the vote. he designed the bill to prevent automatic tax hikes at the 1st of the year on people making less than $1 million. boehner says it's up to the president and democrats to make their move. >> i did my part. they have done nothing. >> it's very, very, very unfortunate the republicans have wasted an entire week on a number of pointless political stunts. >> house members are heading out of d.c. for christmas. and when they get back, there will...
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Dec 10, 2012
12/12
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president obama and house speaker john boehner met to try to prevent the impending fiscal cliff. the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the the new year. announcement is expected when the bankers meet tomorrow and wednesday. a new survey shows pay for private college presidents continues the upward climb. they studied data from 2010 and median compensation rose to $400,000. that is up nearly 3 personality. that's a -- percent. that's a pretty good paying job there. very lucrative. >> cbsmoneywatch.com, thank you. >>> a heavy storm is pummeling the upper midwest. 15 inches of snow dumped on the twin city in minnesota. crews are cranking up the late to melty snow -- melt snow on the roof. it dumped 17 inches of snow on the roof
president obama and house speaker john boehner met to try to prevent the impending fiscal cliff. the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the...
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Dec 28, 2012
12/12
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obama 54% support compared to 26% for house speaker john boehner. >>> 5:02. a looming dock worker strike threatens to hurt the economy, as well. longshoremen are locked in negotiations with shipping companies over royalties paid to workers for each ton of cargo they move. a shutdown would impact 15 ports along the east coast and the gulf and officials estimate it will cost $1 billion a day. >>> 5:03. let's check traffic and weather. we had a break yesterday but i guess rain is coming back. >> it's all gone. >> hello. >> it didn't last very long. we got rain heading towards the bay area and you can see that low. it's right there. so it hasn't quite hit the bay area yet. but by later on this afternoon, that's when we're going to see light showers and it's going to quickly spread all across the bay area, continuing to tomorrow morning. so it's on approach right now and you can see those showers. bring an umbrella if you are heading outside at all today. so again you won't need it for this morning. the only thing we're talking about are all these cold temperature
obama 54% support compared to 26% for house speaker john boehner. >>> 5:02. a looming dock worker strike threatens to hurt the economy, as well. longshoremen are locked in negotiations with shipping companies over royalties paid to workers for each ton of cargo they move. a shutdown would impact 15 ports along the east coast and the gulf and officials estimate it will cost $1 billion a day. >>> 5:03. let's check traffic and weather. we had a break yesterday but i guess rain is...
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Dec 14, 2012
12/12
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last night president obama and house speaker john boehner met for just under an hour. the brief meeting was described as frank but there is still no sign of a compromise. the white house says the president will not budge in his tax strategy to raise rates on the top 2% of americans. republicans want more cuts to social programs like medicare. >>> a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained .5%. tokyo's nikkei shed a fraction. >>> now, you might not know the name but you have seen the unique label that norman woodland developed with another engineer. woodland invented the bar code. now what it is, that rectangle found on about every product we buy in stores. they got a patent for their invention 60 years ago. but the technology to use the bar code was not developed until 1974. norman woodland was 91. let's send it back to you. >> hope he made a couple of bucks with that. >> i'm sure. >>> well, apparently new yorkers will soon be able to hail their taxis just using their phones, right? >> reporter: ah
last night president obama and house speaker john boehner met for just under an hour. the brief meeting was described as frank but there is still no sign of a compromise. the white house says the president will not budge in his tax strategy to raise rates on the top 2% of americans. republicans want more cuts to social programs like medicare. >>> a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained .5%. tokyo's nikkei shed a...
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Dec 17, 2012
12/12
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boehner was previously opposed to any tax hikes on the wealthy. president obama and congressional democrats have been calling for higher taxes on those making at least a quarter of a million dollars. >>> chevron says it is installing a different kind of piping at its richmond refinery that should prevent fires like the one back in august. according to the "san francisco chronicle," the piping is made to resist the type of corrosion that's believed to have caused that recent fire. official tests to determine the cause of the fire are not yet complete. >>> thursday, state regulators are expected to approve a plan that pg&e says will improve its pipeline safety. the "san francisco examiner" says the plan includes replacement of 185 miles of pipeline segments and automating more than 200 valves. that plan comes two years a pg&e pipeline explode killing 8 people in san bruno. >>> the pain at the pump is easing as gas prices continue to fall. aaa says the statewide average price for a gavel regular is now $3.57. that doesn't sound cheap but at least it'
boehner was previously opposed to any tax hikes on the wealthy. president obama and congressional democrats have been calling for higher taxes on those making at least a quarter of a million dollars. >>> chevron says it is installing a different kind of piping at its richmond refinery that should prevent fires like the one back in august. according to the "san francisco chronicle," the piping is made to resist the type of corrosion that's believed to have caused that recent...
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Dec 5, 2012
12/12
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house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an appearance on capitol hill yesterday in a wheelchair frail but still flexing his political might. he could not convince enough republicans to support a disabled rights treaty. the united nations treaty would ban discrimination against people with disabilities. it fell five votes short of getting the needed two-thirds approval in the senate. >>> the world's oldest woman has died at the age of 116. beth cooper is only one of eight people recognized by the begin he was book of world records to have lived that long. she died peacefully yesterday in an assisted living home near atlanta. the title of world's oldest person now belongs
house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an...
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Nov 30, 2012
11/12
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the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy. a missouri man declined to reveal his name but he is carefully selecting his stops in new jersey and new york to avoid the mob scenes. he says it's not about the money but about random acts of kindness. if we can think of anything good coming out of this storm is seeing people doing these random acts of kindness for people. >> absolutely. >> it's a test on the generosity of others. it's great to hear that there is a secret santa out there helping out. >> reporter: it is. i like that a lot. >> people hugging, handing out the $100 bills, nice gesture. ashley morrison of cbsmoneywatch.com, thank you. >>> a company t
the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy....
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Nov 27, 2012
11/12
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the president has been in negotiations with house speaker john boehner and has said he is willing to put almost anything on the table except social security. he wants to deal with that separately next year. but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal. susan mcginnis, cbs news, washington. >>> many cities are looking to cut pension costs in light of budget problems one bay area city is looking to buck the trend. antioch leaders are considering increasing retirement benefits for future employees hired from other cities. the goal, to entice veteran police officers to come to the city. >> they are not going to want to come from a 3% [ indiscernible ] because it adds years until they get to retirement. >> tonight the city council will take up the idea of increasing pensions. >>> new rating system puts san francisco at the top of cities when it comes to protecting rights of the lgbt community. the human rights campaign gives san francisco, san diego, long beach and l.a. perfect 100 scores on the antidiscri
the president has been in negotiations with house speaker john boehner and has said he is willing to put almost anything on the table except social security. he wants to deal with that separately next year. but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal. susan mcginnis, cbs news, washington. >>> many cities are looking to cut pension costs in light of budget problems one bay area city is looking to buck...
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Dec 18, 2012
12/12
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he met with house speaker john boehner at the white house yesterday. the president reportedly offered to curtail future cost of living increases for recipients of social security and softened his demand for higher taxes at upper income levels. boehner wants an earnings threshold of a million dollars for higher rates. if no deal is reached in the next two weeks, billions in tax hikes and spending cuts will go into effect. >>> well, millions of credit card customers should soon receive refunds from american express, capital one, and discover. the three companies owe $435 million in refunds to nearly 6 million customers as a result of a government crackdown on deceptive credit card practices. refunds range from 3 bucks to $300 and they should show up on monthly statements. >> youtube released its list of top 10 trending videos of the year. ♪ [ music ] >> gangnam style... ♪ [ music ] >> this is your favorite song, right, brian? >> singing it in the shower this morning. >> korean rap star will hit one billion views in six months became the most viewed y
he met with house speaker john boehner at the white house yesterday. the president reportedly offered to curtail future cost of living increases for recipients of social security and softened his demand for higher taxes at upper income levels. boehner wants an earnings threshold of a million dollars for higher rates. if no deal is reached in the next two weeks, billions in tax hikes and spending cuts will go into effect. >>> well, millions of credit card customers should soon receive...
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Dec 27, 2012
12/12
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>> reporter: house republicans scuttled the proposal from speaker john boehner last week and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> reporter: republican pollster frank lund says americans are fed up with gridlock in washington. >> there is no compromise and i think that's going to grow as a concern among the public into 2013. >> reporter: even starbucks is urging both sides to compromise. its employees are writing "come together" on coffee cups in d.c. tara mergener cbs 5. >>> a majority of americans are satisfied with the job the obama administration is doing right now. that's the finding of a cnn poll. 52% approve the president's jo performance. 54% feel vice president joe biden is handling his job well. first lady michelle obama has the highest approval rating at 73%. >>> 5:09. coming up, this school gets our approval rating. ♪ [ music ] they are pretty good there. how they're teaching students with special needs how to find power in music. >> plus, a bi
>> reporter: house republicans scuttled the proposal from speaker john boehner last week and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> reporter: republican pollster frank lund says americans are fed up with gridlock in washington. >> there is no compromise and i think that's going to grow as a concern among the public into 2013. >>...
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Dec 6, 2012
12/12
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president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done about spending. >>> the colorado movie theater where a gunman opened fire during the latest batman movie will finally reopen next month. aurora's mayor says the cineplex will open to the public on january 18. movie theater plans to run free movies for the first couple of days. you may recall 12 people were killed, 58 others injured, when holmes allegedly james holmes opened fire allegedly in july. >>> same-sex marriage is legal in washington signed into law last night by the governor. dozens of people got marriage licenses at the courthouse in seattle. the state has a three-day wait
president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done...
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Dec 11, 2012
12/12
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the house speaker john boehner, the president are the only parties negotiating right now. and no details have been released. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlements is necessary to curb the it uncountry's deficit. >>> northbound police are trying to figure out the motor -- new york police are trying to figure out the motive of a 2 p.m. afternoon murder yesterday. a 31-year-old man from los angeles was shot in the back of the head near central park. police say the gunman jumped into a waiting car and took off. >>> smoking marriage is now officially legal in colorado. -- smoking marijuana is officially legal in colorado. the governor declared the voter- approved amendment is now part of the state constitution. it allows anyone over 21 to possess up to an ounce of marijuana for recreational use or six plants. colorado still does not allow commercial sale of pot. state leaders are waiting for federal guidance on that front. >>> it is 5:19. a new report by
the house speaker john boehner, the president are the only parties negotiating right now. and no details have been released. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlements is necessary to curb the it uncountry's deficit. >>> northbound police are trying to figure out the motor -- new york police are trying to figure out the motive of a 2 p.m. afternoon murder yesterday....
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Feb 14, 2012
02/12
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house speaker john boehner says there could be a vote this week. democrats and republicans talked over the weekend but failed to reach an agreement. if there is no deal by the end of february, payroll taxes go up for 160 million americans. >>> now to mr. valentine for your weather forecast. >> what a great day today, guys. happy valentine's day. if you are headed out today, chilly temperatures to begin with early on. 30s and 40s now, also some patchy fog showing up in some of the valleys. watch out for that early today. but by the afternoon, we are going to warm things up very nicely on this valentine's day. 50s and 60s a good five to seven degrees above yesterday's highs but maybe more importantly, not as much winds so we're not going to center those brisk winds blowing so definitely warmer by the afternoon. looks like it will stay dry today. temperatures around seasonal. there is an area of low pressure right here that wants to drop into the bay area late tonight early tomorrow morning bringing at least a slight chance of a few showers but i thin
house speaker john boehner says there could be a vote this week. democrats and republicans talked over the weekend but failed to reach an agreement. if there is no deal by the end of february, payroll taxes go up for 160 million americans. >>> now to mr. valentine for your weather forecast. >> what a great day today, guys. happy valentine's day. if you are headed out today, chilly temperatures to begin with early on. 30s and 40s now, also some patchy fog showing up in some of the...
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Dec 3, 2012
12/12
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house speaker john boehner has dismissed president obama's plan as not serious. >>> stock futures indicate there will be modest gains when the stock market opens up this morning. >> yeah. this follows a week when all the key averages posted gains. ashley morrison of cbsmoneywatch.com has the latest on monday in new york. good morning. >> reporter: good morning, frank and michelle. well, asian markets were mostly high they are morning on improved manufacturing data from china. tokyo's nikkei edged up a fraction to a seven month closing high while hong kong's hang seng lost a percent. >>> on wall street there was little movement as investors were cautious with all eyes on the "fiscal cliff." the dow rose 3, nasdaq down 2. >>> so far there's no resolution of the strike by clerical work at the ports of los angeles and long beach. the strike enters its 7th day today dramatically slowing traffic at the nation's busiest cargo complex. dock workers refuse to cross the picket lines. the clerical workers say management has been outsourcing their work. >>> and delta airlines is looking to buy a 49% s
house speaker john boehner has dismissed president obama's plan as not serious. >>> stock futures indicate there will be modest gains when the stock market opens up this morning. >> yeah. this follows a week when all the key averages posted gains. ashley morrison of cbsmoneywatch.com has the latest on monday in new york. good morning. >> reporter: good morning, frank and michelle. well, asian markets were mostly high they are morning on improved manufacturing data from...